Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item.
A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss.
(source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity.
ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Jan '15

Oct '15

Jan '16

Oct '16

Dec '17

Dec '18

Equity (BVPS)

10.81

11.88

11.02

12.69

16.56

17.16

20.91

22.25

23.53

growth rate

9.9%

-7.2%

15.2%

30.5%

1.8%

10.4%

6.4%

5.8%

Earnings BIT

337.00

841.00

674.00

1,116.00

1,101.00

1,137.00

1,037.00

1,148.00

growth rate

149.6%

-19.9%

28.7%

-0.7%

3.3%

-8.8%

10.7%

Avg.PE

23.42

12.58

21.01

20.81

13.84

13.37

24.35

11.09

growth rate

-46.3%

67.0%

-1.0%

-18.5%

-1.7%

82.1%

-54.5%

ROA

0.50

1.67

4.42

3.83

4.36

4.76

6.40

2.00

8.26

growth rate

234.0%

164.7%

-13.4%

13.8%

4.5%

16.0%

-68.8%

313.0%

ROE

2.97

8.47

20.54

13.51

13.86

15.09

18.26

5.47

22.55

growth rate

185.2%

142.5%

-34.2%

2.6%

4.3%

10.0%

-70.0%

312.3%

ROIC

3.21

5.20

10.39

8.60

9.36

9.79

12.67

4.01

14.77

growth rate

62.0%

99.8%

-17.2%

8.8%

2.3%

13.8%

-68.4%

268.3%

Cur. Ratio

3.76

2.89

1.54

1.87

1.75

1.72

1.85

1.97

1.92

growth rate

-23.1%

-46.7%

21.4%

-6.4%

-0.9%

3.7%

6.5%

-2.5%

Quick Ratio

2.30

1.53

0.64

0.73

0.51

0.54

0.61

0.72

0.61

growth rate

-33.5%

-58.2%

14.1%

-30.1%

2.9%

6.3%

18.0%

-15.3%

Leverage

5.14

4.96

4.36

2.95

3.42

2.96

2.76

2.72

2.75

growth rate

-3.5%

-12.1%

-32.3%

15.9%

-7.0%

-3.4%

-1.5%

1.1%

Balance Sheet

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Jan '15

Oct '15

Jan '16

Oct '16

Dec '17

Dec '18

Acct.Receivable

892.00

3,177.00

829.00

979.00

1,035.00

1,047.00

1,064.00

1,792.00

1,485.00

growth rate

256.2%

-73.9%

18.1%

2.8%

0.6%

1.6%

68.4%

-17.1%

Acct.Payable

2,785.00

2,977.00

2,995.00

1,014.00

1,063.00

1,273.00

1,205.00

1,099.00

growth rate

6.9%

0.6%

-41.8%

2.4%

19.8%

-5.3%

-8.8%

Cur.Assets

9,996.00

7,598.00

5,424.00

5,620.00

7,343.00

7,624.00

8,149.00

8,029.00

7,494.00

growth rate

-24.0%

-28.6%

3.6%

14.3%

1.9%

6.9%

-1.5%

-6.7%

Total Assets

15,282.00

13,615.00

13,033.00

12,944.00

14,605.00

14,708.00

15,358.00

15,340.00

14,264.00

growth rate

-10.9%

-4.3%

-0.7%

6.2%

0.4%

4.4%

-0.1%

-7.0%

Cash

931.00

885.00

1,413.00

1,211.00

731.00

946.00

1,137.00

1,079.00

987.00

growth rate

-4.9%

59.7%

-14.3%

-22.3%

13.8%

20.2%

-5.1%

-8.5%

Inventory

2,277.00

2,402.00

2,712.00

2,963.00

3,928.00

4,144.00

4,464.00

4,150.00

3,818.00

growth rate

5.5%

12.9%

9.3%

15.1%

2.7%

7.7%

-7.0%

-8.0%

Cur.Liabilities

2,657.00

2,931.00

3,512.00

3,003.00

3,638.00

3,792.00

3,893.00

3,660.00

3,673.00

growth rate

10.3%

19.8%

-14.5%

10.1%

2.1%

2.7%

-6.0%

0.4%

Liabilities

12,310.00

10,870.00

10,042.00

8,560.00

10,333.00

9,744.00

9,784.00

9,693.00

9,072.00

growth rate

-11.7%

-7.6%

-14.8%

9.9%

-2.9%

0.4%

-0.9%

-6.4%

LT Debt

5,943.00

4,287.00

3,452.00

3,179.00

2,803.00

2,435.00

2,414.00

3,074.00

2,808.00

growth rate

-27.9%

-19.5%

-7.9%

-6.1%

-6.8%

-0.9%

27.3%

-8.7%

Equity

2,972.00

2,745.00

2,991.00

4,384.00

4,272.00

4,964.00

5,574.00

5,647.00

5,192.00

growth rate

-7.6%

9.0%

46.6%

-1.3%

7.8%

12.3%

1.3%

-8.1%

Common Shares

303.00

307.00

295.00

284.00

282.00

36.00

272.00

269.00

253.00

growth rate

1.3%

-3.9%

-3.7%

-0.7%

-64.3%

174.9%

-1.1%

-6.0%

Cash Flow Statement

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Jan '15

Oct '15

Jan '16

Oct '16

Dec '17

Dec '18

Capital Expenditures

0.00

423.00

480.00

444.00

429.00

420.00

446.00

423.00

369.00

growth rate

13.5%

-7.5%

-1.7%

-1.1%

6.2%

-5.2%

-12.8%

Cash Dividends

22.00

22.00

17.00

22.00

28.00

22.00

22.00

21.00

20.00

growth rate

0.0%

-22.7%

29.4%

12.8%

-11.4%

0.0%

-4.6%

-4.8%

Cash From OA

984.00

1,063.00

927.00

810.00

1,208.00

1,090.00

925.00

936.00

1,107.00

growth rate

8.0%

-12.8%

-12.6%

22.1%

-5.0%

-15.1%

1.2%

18.3%

FCF per Share

2.36

1.53

1.51

-0.15

3.84

2.14

1.38

3.01

3.58

growth rate

-35.2%

-1.3%

-100.0%

100.0%

-25.4%

-19.7%

118.1%

18.9%

Sale Purchase of Stock

3.00

-253.00

31.00

50.00

32.00

36.00

52.00

growth rate

-100.0%

100.0%

27.0%

-20.0%

12.5%

44.4%

FCF

714.00

640.00

447.00

366.00

779.00

779.00

670.00

670.00

566.00

530.00

738.00

growth rate

-10.4%

-30.2%

-18.1%

112.8%

0.0%

-14.0%

0.0%

-15.5%

-6.4%

39.3%

Income Statement

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Jan '15

Oct '15

Jan '16

Oct '16

Dec '17

Dec '18

Sales

10,525.00

11,275.00

12,237.00

12,104.00

13,878.00

13,423.00

13,788.00

14,198.00

13,972.00

growth rate

7.1%

8.5%

-1.1%

7.1%

-1.7%

2.7%

3.0%

-1.6%

Op.Income

546.00

242.00

581.00

498.00

1,116.00

1,101.00

1,137.00

1,037.00

1,148.00

growth rate

-55.7%

140.1%

-14.3%

49.7%

-0.7%

3.3%

-8.8%

10.7%

IBT

86.00

337.00

841.00

674.00

853.00

971.00

876.00

762.00

1,384.00

growth rate

291.9%

149.6%

-19.9%

12.5%

6.7%

-9.8%

-13.0%

81.6%

Net Income

86.00

242.00

581.00

498.00

600.00

697.00

962.00

307.00

1,222.00

growth rate

181.4%

140.1%

-14.3%

9.8%

7.8%

38.0%

-68.1%

298.1%

EPS

0.28

0.79

2.00

1.75

2.13

2.50

3.53

1.14

4.83

growth rate

182.1%

153.2%

-12.5%

21.7%

8.3%

18.8%

-67.7%

323.7%

Gross Profit

1,920.00

1,967.00

2,218.00

1,973.00

2,477.00

2,405.00

2,415.00

2,342.00

2,347.00

growth rate

2.5%

12.8%

-11.1%

12.1%

-1.5%

0.4%

-3.0%

0.2%

Quarterly Statements

Item Name

Dec '17

Mar '18

Jun '18

Sep '18

Dec '18

Earnings BIT

316.00

252.00

295.00

216.00

385.00

growth rate

-20.3%

17.1%

-26.8%

78.2%

Balance Sheet

Dec '17

Mar '18

Jun '18

Sep '18

Dec '18

Acct.Receivable

1,363.00

1,110.00

1,121.00

1,434.00

1,485.00

growth rate

-18.6%

1.0%

27.9%

3.6%

Acct.Payable

1,205.00

1,229.00

1,147.00

1,104.00

1,099.00

growth rate

2.0%

-6.7%

-3.8%

-0.5%

Cur.Assets

8,029.00

7,750.00

7,710.00

7,841.00

7,494.00

growth rate

-3.5%

-0.5%

1.7%

-4.4%

Total Assets

15,340.00

14,968.00

14,558.00

14,669.00

14,264.00

growth rate

-2.4%

-2.7%

0.8%

-2.8%

Cash

1,079.00

688.00

554.00

1,150.00

987.00

growth rate

-36.2%

-19.5%

107.6%

-14.2%

Inventory

4,150.00

4,090.00

3,925.00

4,030.00

3,818.00

growth rate

-1.5%

-4.0%

2.7%

-5.3%

Cur.Liabilities

3,682.00

3,349.00

3,397.00

3,423.00

3,673.00

growth rate

-9.0%

1.4%

0.8%

7.3%

Liabilities

9,693.00

9,276.00

9,196.00

9,126.00

9,072.00

growth rate

-4.3%

-0.9%

-0.8%

-0.6%

LT Debt

3,074.00

3,083.00

3,070.00

3,069.00

2,808.00

growth rate

0.3%

-0.4%

0.0%

-8.5%

Equity

5,647.00

5,692.00

5,362.00

5,543.00

5,192.00

growth rate

0.8%

-5.8%

3.4%

-6.3%

Common Shares

33.00

33.00

33.00

33.00

30.00

growth rate

0.0%

0.0%

0.0%

-9.1%

Cash Flow Statement

Dec '17

Mar '18

Jun '18

Sep '18

Dec '18

Capital Expenditures

147.00

77.00

82.00

74.00

136.00

growth rate

-47.6%

6.5%

-9.8%

83.8%

Cash Dividends

5.00

5.00

5.00

5.00

5.00

growth rate

0.0%

0.0%

0.0%

0.0%

Cash From OA

592.00

-85.00

482.00

299.00

411.00

growth rate

-100.0%

100.0%

-38.0%

37.5%

Sale Purchase of Stock

52.00

-344.00

growth rate

-100.0%

FCF

445.00

-162.00

400.00

225.00

275.00

growth rate

-100.0%

100.0%

-43.8%

22.2%

Income Statement

Dec '17

Mar '18

Jun '18

Sep '18

Dec '18

Sales

4,017.00

3,296.00

3,726.00

3,200.00

3,750.00

growth rate

-18.0%

13.1%

-14.1%

17.2%

Op.Income

316.00

252.00

295.00

216.00

385.00

growth rate

-20.3%

17.1%

-26.8%

78.2%

IBT

223.00

218.00

260.00

628.00

278.00

growth rate

-2.2%

19.3%

141.5%

-55.7%

Net Income

-106.00

189.00

224.00

563.00

246.00

growth rate

100.0%

18.5%

151.3%

-56.3%

EPS

growth rate

Gross Profit

666.00

560.00

646.00

504.00

637.00

growth rate

-15.9%

15.4%

-22.0%

26.4%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.